Step 1: Install the nux-dextop repository
Run this command to install the nux-dextop repository.
yum -y install http://li.nux.ro/download/nux/dextop/el7/x86_64/nux-dextop-release-0-5.el7.nux.noarch.rpm
Step 2: Install the adobe repository
Run this command to install the adobe repository.
yum -y install http://linuxdownload.adobe.com/linux/x86_64/adobe-release-x86_64-1.0-1.noarch.rpm
Step 3: Install the desired packages
This command will download the flash plugin for Firefox.
yum install flash-plugin
This command will download the java plugin for Firefox.
yum install icedtea-web
This command will install Handbrake, VLC and smplayer.
yum install vlc smplayer ffmpeg HandBrake-{gui,cli}
The following command installs a decoder and codecs which are required to play certain types of media. Their usage may be legally restricted in some areas. Obtain legal advice if you are uncertain about the laws in your locality.
yum install libdvdcss gstreamer{,1}-plugins-ugly gstreamer-plugins-bad-nonfree gstreamer1-plugins-bad-freeworld
Final note
Notice that you have the CentOS, Nux-Dextop and Adobe repos enabled by default and there should be no issues with running "yum update" or "yum upgrade" in the future.